Not really, a big dump of tether into bitcoin was a speculation of what started this bull run due to the news on Tether not being completely backed or partially backed and some backing being of securities.
I think it is a coincidence that some people are saying that the dumps of tether at bitfinex was the reason why bitcoin is getting pump at this moment. We also heard some people saying that libla coins was reason why bitcoin get bullish but I disagree with all this views. We have be in this market for long and we know how it operate, we have one event that keep repeating itself pre bullish price and that is halving. I think the market is reacting to the next year halving of bitcoin. The more it becomes very difficult to get bitcoin through mining the better it is in terms of pricing. Tether has little to do with Bitcoin from market capitalization point of view. 
Topic: Is Tether Supply a driver of Bitcoin Prices - page 2. (Read 406 times)
Think of it this way.
Say the price of Bitcoin is $1000 a coin and you want to sell it for Tether. Your supply of tether would be $1000.
Now say the price of Bitcoin is $10000 a coin and you want to sell it for Tether. Your supply of tether would be $10000.
So you can see why the supply of tether increases in rising markets, its because it needs to increase so enough people who want to sell bitcoin can do so.
Usually when there is a tether print, its bullish for the markets. Usually traders see this and close their shorts because it usually means that alot of fiat entered the market which bought tether and will eventually buy some Cryptos.
Say the price of Bitcoin is $1000 a coin and you want to sell it for Tether. Your supply of tether would be $1000.
Now say the price of Bitcoin is $10000 a coin and you want to sell it for Tether. Your supply of tether would be $10000.
So you can see why the supply of tether increases in rising markets, its because it needs to increase so enough people who want to sell bitcoin can do so.
Usually when there is a tether print, its bullish for the markets. Usually traders see this and close their shorts because it usually means that alot of fiat entered the market which bought tether and will eventually buy some Cryptos.
first explain to me why bitcoin price continued falling down for more than a year in 2018 and that was a big drop of nearly 85% while Tether was still around and it was still printing more and more coins and entering it in circulation.
then i will answer your question!
then i will answer your question!
Only idiots buy and sell BTC/USDT or USDT/BTC, anyone with half the brain of a chicken would not be trading that binary.
You have to close the other thread you've made on Economics. This post. As forum regulations doesn't allow to create same topic on different sections unless you've translated it to your local language.
Please be guided by that rule, lock the other topic you've made that I've pointed out.
12. No duplicate posting in multiple boards (except for re-posting it in the local language boards if it's translated).
Please be guided by that rule, lock the other topic you've made that I've pointed out.
Tether has been hacked before https://www.coindesk.com/tether-claims-30-million-stable-token-stolen-attacker
and what they got as solution is
Tether is actually centralized so they can easily manipulate their supply and even with the help of omni (which acts as token creation platform on top of bitcoin blockchain) they can blacklist/block the stolen tokens from being used. So when it will be hacked like this again than it might not have much effect on market.
The major concern is whether all the tether token that exist have backing or not, third party audit will clear this but still many have concerns over their shady financial activities and their involvement with bitfinex. If they go insolvent or proved to have fractional reserve than it might cause chaos in crypto market.
However, With increasing number of new stablecoin like DAI, TUSD, USDC market might not remain totally relied on USDT in future.
and what they got as solution is
Quote
Representatives from the Omni Core software project said they would seek to release new software in the coming days that will allow Tether to retrieve the stolen tokens.
Tether is actually centralized so they can easily manipulate their supply and even with the help of omni (which acts as token creation platform on top of bitcoin blockchain) they can blacklist/block the stolen tokens from being used. So when it will be hacked like this again than it might not have much effect on market.
The major concern is whether all the tether token that exist have backing or not, third party audit will clear this but still many have concerns over their shady financial activities and their involvement with bitfinex. If they go insolvent or proved to have fractional reserve than it might cause chaos in crypto market.
However, With increasing number of new stablecoin like DAI, TUSD, USDC market might not remain totally relied on USDT in future.
Been seeing so many different articles on this. Charts show a strong correlation in supply of tether with rise in BTC prices. Is Tether supply and trading a significant driver of Bitcoin prices in 2019 up from $3k level in Dec 2018? If so, how much really [estimates with precision]? And what happens to Bitcoin prices if there's a Tether crackdown or if some other really bad news about Tether hits the newswires?
Jump to: